Compoundeye Design Limited
|
Registered Number
:
04403633
|
For the period ended 30 June 2022
England and Wales
Unaudited Financial Statements
Compoundeye Design Limited
Statement of Financial Position
2021
2022
Property
,
plant and equipment
|
-
413
2
-
413
Trade and other receivables
|
11,560
12,520
3
-
Cash and cash equivalents
|
923
13,443
11,560
Trade and other payables
:
amounts falling due within one
|
year
|
(11,794)
(3,885)
4
(234)
9,558
Net current assets
Total assets less current liabilities
|
9,558
179
9,558
Net assets
179
2
2
9,556
177
9,558
179
Shareholders' funds
For the period ended 30 June 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
|
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
|
394
and
395
and which otherwise comply with the requirements of the Companies Act
2006
relating to financial
|
statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Russell Hrachovec Director
|
These financial statements were approved and authorised for issue by the Board on 09 November 2022 and were signed by:
|
The notes form part of these financial statements
|
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For the period ended 30 June 2022
Compoundeye Design Limited
Notes to the Financial Statements
Statutory Information
Compoundeye Design Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
04403633
.
|
141 Whittington Road
London
N22 8YP
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the period ended 30 June 2022
Compoundeye Design Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
8,787
8,787
Provision for depreciation and impairment
|
8,374
Charge for period
413
8,787
-
413
3
.
Trade and other receivables
|
2021
2022
805
2,781
11,715
8,779
11,560
12,520
4
.
Trade and other payables
:
amounts falling due within one year
|
2021
2022
-
2,028
Taxation and social security
|
3,885
9,226
-
540
3,885
11,794
5
.
Related party transactions
|
The company is controlled by the directors who own 100% of the called up share capital.
6
.
Average number of persons employed
|
During the year the average number of employees was 1 (2021 : 1)
3 of 3